Fuel

Gasoline Heads Lower to $2.23 Per Gallon

July 5, 2017
• by Staff

Photo by Vince Taroc.

The national average gasoline price continues to move lower, falling to a level not seen since the Independence Day holiday in 2005, according to AAA.

A gallon of regular unleaded costs $2.23, and gasoline prices fell in 46 states for the week ending July 3. Only Illinois, Oklahoma, and Washington, D.C. saw prices increase. Hawaii and Maine remained flat.

"The combination of tepid demand and increased gasoline and crude output continues to put downward pressure on gas prices," said Jeanette Casselano, AAA's spokesperson. "While holiday gasoline demand is likely to reach new highs, it will probably not be enough to cause a significant increase on the price of gasoline in the coming week."

In the past week, gasoline declined 3 cents. It's now 15 cents lower than a month ago and 4 cents lower than a year ago.

Fuel

The national average price of regular unleaded has remained flat at $2.86 per gallon for the week ending Aug. 13 in which consumer demand fell and gasoline inventories increased for the first time in six weeks, according to AAA.

The multiple-year agreement specifies that WEX will provide Marathon Petroleum Corp. with sales and marketing resources to further drive Marathon’s retail growth. It follows an initial five-year deal between the companies.

The national average price of regular unleaded has reached $2.87 per gallon, which is the most expensive gasoline price since 2014. The price is 1 cent more than a week ago, the same price as a month ago, and 52 cents more than a year ago.

The national price of regular unleaded crept higher to $2.87 per gallon, a one-cent increase that may lead to even higher prices in the weeks to come as summer gasoline demand remains strong, according to AAA.

The national average gasoline price fell five cents to $2.85 per gallon for the week. Gas prices have been consistently declining since Memorial Day and have fallen 12 cents in the past month. For the week, 49 states saw a decline in their average price, according to AAA's June 25 update.

Small fleet clients are now able to take advantage of turnkey fleet management services — and competitive vehicle pricing — at the dealership level that rival the programs offered by fleet management companies.

Chevrolet will allow drivers to pay for fuel at participating Shell stations using a mobile app in the vehicle's infotainment system with a new electronic payment solution, General Motors has announced.